Balloon MortgagesBalloon loans are short term mortgages that have some features of a fixed rate mortgage.

Interest Only Loans"Interest only" products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An "Interest Only" loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits which are listed later in this article.

Interest Rate BuydownsThe most common buy down is the 2-1 buy down. In the past, for a buyer to secure a 2-1 buy down they would pay 3 points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.

Reverse MortgagesA reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.